Wednesday, February 26, 2020
Mark Zuckerberg Funds a Plan to Turn California Into a Silicon Valley Ghetto
Posted by Daniel Greenfield
Why do people live in California? The weather is nice and so are the property taxes.
Unlike a lot of blue states where property taxes make home ownership all but impossible for working class and even middle class families, California has the 16th lowest property taxes in the country. These low rates have allowed California homeowners and businesses who predated the dot com boom to survive in a state and in municipal areas that are rapidly becoming unaffordable to all but a small few.
While housing prices are skyrocketing, property taxes are fixed at the time of sale with assessments limited to 2% increases a year due to Proposition 13 or the People's Initiative to Limit Property Taxation.
http://sultanknish.blogspot.com/2020/02/mark-zuckerberg-funds-plan-to-turn.html
